The Woodlands, Texas -- Huntsman Corp.'s jury trial for its multi-billion dollar tortious interference claims against Credit Suisse and Deutsche Bank is set to begin on 11 May 2009, in Montgomery County, Texas.
Huntsman said these banks had sought to delay the trial of the claims against them to October 2009, but Judge Fred Edwards refused to do so. The Court also denied the banks' request to consolidate Huntsman's claims against Apollo Management, and its executives, Leon Black and Josh Harris, with Huntsman's claims against the banks.
The trial of Huntsman's claims against the banks was moved to May in order to permit the court to address jurisdictional objections raised in Huntsman's separate case against Apollo, Black, and Harris. Those objections will be heard on 12 Jan 2009.
Vice Chancellor Stephen Lamb of the Delaware Court of Chancery has set a 4 May 2009 date to hear Huntsman's multi-billion dollar claims for damages against Hexion Specialty Chemicals Inc. for breaches "of numerous provisions of the merger agreement between Hexion and Huntsman," said a 24 Nov Huntsman statement.
In this statement, Huntsman's president and ceo Peter Huntsman said, "I am pleased that we need wait no longer than May to present our multi-billion dollar claims against the banks to a Texas jury. We look forward to the opportunity to make our case."